Total Sees Oil Demand Peaking Before 2030 in Power Switch

French energy giant TotalEnergies SE expects global oil demand to peak before the end of this decade, as more nations crack down on fossil fuels and promote cleaner power in transport and industry to mitigate global warming. Total’s 2021 Energy Outlook, which takes into account new net-zero pledges made by countries including the U.S. and China, assumes crude demand will plateau before 2030 and then decline. Read more →

DOE eyes AI, machine learning to accelerate long-duration energy storage research

A proposed federal research program to accelerate research into the durability and performance of long-duration energy storage is a critical step to meeting the Biden administration's decarbonization goals, speakers said Thursday at a Department of Energy (DOE) panel. DOE officials said long-duration energy storage technology must be commercially ready, at scale, by 2030, in order to increase the share of renewables on the grid and meet the administration's 100% clean electricity by 2035 goal. Read more →

Biden administration sets goal of replacing all jet fuel with sustainable alternatives by 2050

The Biden administration announced a goal of replacing all jet fuel with sustainable alternatives by 2050, setting forth a plan to dramatically boost production of fuels made from waste or plants to drive down the environmental cost of flying. The use of what are called sustainable aviation fuels is in its infancy, with a handful of refineries in operation around the world. But airlines are banking on them as a major part of their efforts to cut emissions and become carbon neutral by the middle of the century. Read more →

Can a Green-Economy Boom Town Be Built to Last?

As it prepares to deliver its first electric pickup trucks and sport utility vehicles this year, Rivian has spent around $1.5 billion renovating and expanding a factory once owned by Mitsubishi. On a typical day the 3.3-million-square-foot plant hosts several hundred construction workers alongside more than 2,500 workers employed by the company, which expects to eventually double its local head count. Read more →

Solar Needs to Quadruple for U.S. to Have Carbon-Free Grid

The U.S. would need to quadruple the amount of solar energy it installs by 2035 if it wants to achieve a goal of decarbonizing the nation’s power grid, the Energy Department said in a study released in September 2021. According to the study, solar energy has the potential to power 40% of the nation’s electricity and employ as many as 1.5 million people by 2035. Read more →

Rich in renewable energy, Chile seeks to become global hydrogen powerhouse

As a net importer of fuels, Chile has not been a significant player in global energy markets. But the sun-drenched, wind-rich South American country aims to become a titan in the burgeoning green hydrogen economy, setting a goal to become one of the world's top three exporters by 2040. The hydrogen economy is still taking shape, and the world is waiting for the costs of the technology to fall. Read more →